HIDCL 4th AGM on Poush 24, no dividends declared; IPO allotment within the month of Poush
Mon, Dec 14, 2015 10:29 AM on Latest, IPO/FPO News, Featured, AGM/Special AGM,
Hydroelectricity Investment & Development Company Limited (HIDCL) has announced that its 4th AGM is going to be held on Poush 24, 2072 (January 08, 2015) at 1 PM at Babarmahal, Kathmandu.
The agendas of the AGM are as follows:
- To endorse the financial highlight of the year 2071/72
- To amend memorandum of association and Article of association as necessary
- To appoint auditor for the fiscal year 2072/73
HIDCL had floated Initial Public Offering (IPO) worth Rs.2 arba (2 crore unit shares) from Kartik 12 to Kartik 19, 2072. The IPO had collected Rs 43.17 crore deom 3.3 Lakh applicants. The allotment is expected to happen by the last week of Poush 2072.
When number of applicants in an IPO crosses 3 lakh the issue manager has 70 from the closing date to allot the shares. After the allotment they have to refund the money to the non allottee within 5 days through A/C payee chequeue.
As per our prediction small investors will get MINIMUM of 8%, more likely 10%, big Investor will get 4.55% at most and investors up to Rs 12,000 will be under lottery. HIDCL IPO Allotment Prediction: Small investors to get MINIMUM of 8%, more likely 10%,Big Investor to get 4.55% at most; up to Rs 12,000 under lottery HIDCL IPO update: Oversubscribed by 21.58 times, Rs 43.17 arba collected from more than 2.5 lakh applicants
